NORDIC AMERICAN TANKERS LTD (NAT) Stock Fundamental Analysis
USA - NYSE:NAT - BMG657731060 - Common Stock
3.26 USD
-0.04 (-1.21%)
3.24 USD
-0.02 (-0.61%)
We assign a fundamental rating of 4 out of 10 to NAT. NAT was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of NAT get a neutral evaluation. Nothing too spectacular is happening here. NAT is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year NAT has reported negative net income.
In the past year NAT had a positive cash flow from operations.
NAT had positive earnings in 4 of the past 5 years.
NAT had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
NAT's Return On Assets of 4.18% is in line compared to the rest of the industry. NAT outperforms 56.67% of its industry peers.
NAT's Return On Equity of 7.24% is in line compared to the rest of the industry. NAT outperforms 50.00% of its industry peers.
NAT has a Return On Invested Capital (5.71%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for NAT is significantly below the industry average of 21.71%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.18% | ||
| ROE | 7.24% | ||
| ROIC | 5.71% |
ROA(3y)6.22%
ROA(5y)0.73%
ROE(3y)10.1%
ROE(5y)0.85%
ROIC(3y)8.03%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 11.07%, NAT is in line with its industry, outperforming 59.05% of the companies in the same industry.
NAT has a Operating Margin (16.91%) which is in line with its industry peers.
In the last couple of years the Operating Margin of NAT has grown nicely.
The Gross Margin of NAT (42.39%) is comparable to the rest of the industry.
NAT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.91% | ||
| PM (TTM) | 11.07% | ||
| GM | 42.39% |
OM growth 3YN/A
OM growth 5Y16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y6.11%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NAT is destroying value.
Compared to 1 year ago, NAT has more shares outstanding
The number of shares outstanding for NAT has been increased compared to 5 years ago.
The debt/assets ratio for NAT has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of NAT is 3.93, which is a good value as it means it would take NAT, 3.93 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.93, NAT is in the better half of the industry, outperforming 72.38% of the companies in the same industry.
NAT has a Debt/Equity ratio of 0.53. This is a neutral value indicating NAT is somewhat dependend on debt financing.
NAT has a Debt to Equity ratio (0.53) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 3.93 | ||
| Altman-Z | N/A |
ROIC/WACC0.6
WACC9.53%
2.3 Liquidity
NAT has a Current Ratio of 1.54. This is a normal value and indicates that NAT is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.54, NAT is in the better half of the industry, outperforming 68.57% of the companies in the same industry.
A Quick Ratio of 1.34 indicates that NAT should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.34, NAT is in the better half of the industry, outperforming 68.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.54 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
The earnings per share for NAT have decreased strongly by -103.45% in the last year.
The Revenue for NAT has decreased by -17.14% in the past year. This is quite bad
Measured over the past years, NAT shows a small growth in Revenue. The Revenue has been growing by 1.97% on average per year.
EPS 1Y (TTM)-103.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-140%
Revenue 1Y (TTM)-17.14%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-39.25%
3.2 Future
NAT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.08% yearly.
NAT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.61% yearly.
EPS Next Y26.82%
EPS Next 2Y25.07%
EPS Next 3Y6.08%
EPS Next 5YN/A
Revenue Next Year-12.18%
Revenue Next 2Y9.82%
Revenue Next 3Y4.61%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for NAT. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 9.47, which indicates a very decent valuation of NAT.
NAT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. NAT is cheaper than 74.76% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of NAT to the average of the S&P500 Index (22.86), we can say NAT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 9.47 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as NAT.
NAT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NAT is cheaper than 83.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.97 | ||
| EV/EBITDA | 8.32 |
4.3 Compensation for Growth
NAT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y25.07%
EPS Next 3Y6.08%
5. Dividend
5.1 Amount
NAT has a Yearly Dividend Yield of 8.18%, which is a nice return.
NAT's Dividend Yield is rather good when compared to the industry average which is at 6.00. NAT pays more dividend than 83.33% of the companies in the same industry.
NAT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.18% |
5.2 History
On average, the dividend of NAT grows each year by 33.35%, which is quite nice.
NAT has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)33.35%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
264.15% of the earnings are spent on dividend by NAT. This is not a sustainable payout ratio.
The dividend of NAT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP264.15%
EPS Next 2Y25.07%
EPS Next 3Y6.08%
3.26
-0.04 (-1.21%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners40.48%
Inst Owner Change-1.34%
Ins Owners4.34%
Ins Owner ChangeN/A
Market Cap690.30M
Analysts76
Price Target3.54 (8.59%)
Short Float %6.87%
Short Ratio7.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.18% |
Yearly Dividend0.42
Dividend Growth(5Y)33.35%
DP264.15%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-121.2%
Min EPS beat(2)-170.15%
Max EPS beat(2)-72.24%
EPS beat(4)1
Avg EPS beat(4)-60.46%
Min EPS beat(4)-170.15%
Max EPS beat(4)1.55%
EPS beat(8)1
Avg EPS beat(8)-41.46%
EPS beat(12)3
Avg EPS beat(12)-26.13%
EPS beat(16)3
Avg EPS beat(16)-22.56%
Revenue beat(2)0
Avg Revenue beat(2)-20.6%
Min Revenue beat(2)-30.58%
Max Revenue beat(2)-10.61%
Revenue beat(4)1
Avg Revenue beat(4)-10.27%
Min Revenue beat(4)-30.58%
Max Revenue beat(4)1.11%
Revenue beat(8)3
Avg Revenue beat(8)-9.54%
Revenue beat(12)5
Avg Revenue beat(12)9.91%
Revenue beat(16)6
Avg Revenue beat(16)20.65%
PT rev (1m)-0.71%
PT rev (3m)-14.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)1.19%
Revenue NQ rev (1m)-8.96%
Revenue NQ rev (3m)-8.96%
Revenue NY rev (1m)-22.91%
Revenue NY rev (3m)-22.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 9.47 | ||
| P/S | 2.11 | ||
| P/FCF | 7.97 | ||
| P/OCF | 7.73 | ||
| P/B | 1.38 | ||
| P/tB | 1.38 | ||
| EV/EBITDA | 8.32 |
EPS(TTM)-0.01
EYN/A
EPS(NY)0.34
Fwd EY10.56%
FCF(TTM)0.41
FCFY12.54%
OCF(TTM)0.42
OCFY12.94%
SpS1.54
BVpS2.36
TBVpS2.36
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.18% | ||
| ROE | 7.24% | ||
| ROCE | 7.22% | ||
| ROIC | 5.71% | ||
| ROICexc | 6.6% | ||
| ROICexgc | 6.6% | ||
| OM | 16.91% | ||
| PM (TTM) | 11.07% | ||
| GM | 42.39% | ||
| FCFM | 26.47% |
ROA(3y)6.22%
ROA(5y)0.73%
ROE(3y)10.1%
ROE(5y)0.85%
ROIC(3y)8.03%
ROIC(5y)N/A
ROICexc(3y)8.44%
ROICexc(5y)N/A
ROICexgc(3y)8.44%
ROICexgc(5y)N/A
ROCE(3y)10.17%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y25.4%
ROICexc growth 3YN/A
ROICexc growth 5Y25.4%
OM growth 3YN/A
OM growth 5Y16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y6.11%
F-Score4
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 3.93 | ||
| Debt/EBITDA | 2.37 | ||
| Cap/Depr | 4.83% | ||
| Cap/Sales | 0.83% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.12% | ||
| Profit Quality | 239.04% | ||
| Current Ratio | 1.54 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z | N/A |
F-Score4
WACC9.53%
ROIC/WACC0.6
Cap/Depr(3y)52.71%
Cap/Depr(5y)35.03%
Cap/Sales(3y)7.02%
Cap/Sales(5y)5.08%
Profit Quality(3y)153.87%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-103.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-140%
EPS Next Y26.82%
EPS Next 2Y25.07%
EPS Next 3Y6.08%
EPS Next 5YN/A
Revenue 1Y (TTM)-17.14%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-39.25%
Revenue Next Year-12.18%
Revenue Next 2Y9.82%
Revenue Next 3Y4.61%
Revenue Next 5YN/A
EBIT growth 1Y-42.47%
EBIT growth 3YN/A
EBIT growth 5Y19.29%
EBIT Next Year67.93%
EBIT Next 3Y19.12%
EBIT Next 5YN/A
FCF growth 1Y10.18%
FCF growth 3YN/A
FCF growth 5Y27.27%
OCF growth 1Y6.57%
OCF growth 3YN/A
OCF growth 5Y26.16%